Wednesday, 10 November 2010

Al Baraka Egypt Bank 9-month profit up 16 percent | Reuters

Al Baraka Egypt Bank posted a 16 percent increase in net profit during the first nine months of this year to 95.9 million Egyptian pounds, the Cairo stock exchange said on Wednesday.

The Cairo-based Islamic bank, in which Bahrain's Al Baraka Banking Group (ABG) has a controlling stake, said in August its net profit in the first half rose by 57 percent to 65.6 million pounds.

It made a net profit of 82.9 million pounds in the first nine months of 2009, the stock exchange said."

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